REDD+ - if we build it, will they come? A brief look beyond REDD to future trends and opportunities in tropical forest conservation
OCTF seminar followed by drinks
Speaker: Matt Leggett, Global Canopy Programme
Abstract: Despite progress made at the UNFCCC COP17 in Durban in 2011, a compliance market for REDD+ remains only a distant political possibility, with 2020 rapidly becoming the next expected watershed for REDD. While important lessons have and are being learnt from the voluntary carbon market, critics and many developing rainforest nations argue the finance available from voluntary sources will never provide meaningful resources to combat deforestation at scale. The private sector continue to balk at the risk of investment in a market without clear indications of a carbon price, and while various intermediary and additional mechanisms have been proposed to provide finance for forests, relatively little analysis has been done on who will fund these investments. The problem is clear. While political negotiations continue, the motivation for implementing REDD+ is at risk of dissipating before meaningful progress is made. This discussion explores these issues, critically compares the various options, and proposes that recognition of the values of natural capital in tropical forests alongside REDD+ may provide a framework for fast, at scale progress to reduce deforestation.
Biography: Matt is the Acting Head of Policy at the Global Canopy Programme, based in Oxford. GCP is a scientific think tank and catalyst that seeks to actively test innovative ways to protect tropical forests through a network of scientific institutions and partners. Matt has over 8 years’ experience of conservation, environment and development project management in tropical forest regions, largely based in remote areas of forests in Latin America and SE Asia. Prior to working at GCP, Matt worked for 3 years in Papua New Guinea on REDD+ and PES projects with both the WWF and the Government of PNG, whom he advised on their climate compatible development strategy. Matt holds a BA in Anthropology from the University of Durham, and an MSc from the University of Edinburgh.